Page-4 of India-Mauritius Current Affairs, GK & News

“LOB” Clause agreed between India and Mauritius

Mauritius and India agreed on the principle of including a Limitation Of Benefit (LOB) or anti-treaty shopping law clause in the revised tax treaty to ring-fence its jurisdiction from any attempts of round-tripping and money laundering activities. The LOB clause limits treaty benefits to those who meet certain conditions including those related to business, residency and ..

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